Stellantis Is Stronger After ‘Year of Reckoning,’ Elkann Says

Stellantis NV has shifted focus back to improving products after a period of painful cost cuts and it’s putting the manufacturer on stronger footing, according to Chairman John Elkann.

The automaker is enhancing quality, offering more hybrid models and repairing ties with dealers to turn around its business — changes that are already having an effect, Elkann said. Stellantis is chasing a recovery after recording €22.2 billion ($25.7 billion) in charges last month mainly linked to unwinding excessively ambitious bets on electric vehicles.

John Elkann

Photographer: Mark Thompson/Getty Images

“I am confident that Stellantis will turn the corner,” Elkann said in a letter to ...